This sounds like a pre-existing defect so you will have to review your insurance policy but I am guessing there will be an exclusion.

I have a RE LLC with each property in an RPT.I own 3 LTR SFHs in North FL that I acquired pre/during-COVID.

A few things I do personally for clients is: create a P&L, market to my buyers list, pre-market the property online where the target audience is, and make a plan for bookings and the booking calendar to minimize losses while up for sale and operating simultaneously.  

Pre-1976 mobile homes are rarely financeable because they cannot be insured.I saw that you are also based out of Tampa.

Constantly it's "of, I had only ___ back when", and how much today sucks. people said that in pre-08 when all you needed to do was fog a mirror to get any $ you wanted, and after 08 when you could get a house for less then a car, it's always how great people had it back when and how impossible today is. 

Assumptions:Credit 720Single Family Investment PropertyProperty Value: $120kAmount financed: $90k or 75% LTVNO Pre-Payment Penalty (not allowed in Ohio)DSCR Ratio 1.25+30 YR Fixed Rate DSCR:8.250% with $2475 in discount points.

are you a licensed foreclosure consultant or just looking to buy properties pre foreclosure ?? 

And we found a great pre-finished lumber supplier for the siding and the tongue and groove that is saving us 10 to 15k a cabin depending on the size (and producing far better quality results in the finishes).It doesn't sound like much when you're looking at 300k to 500k builds.  

Consider low down payment options and get pre-approved for a mortgage.

@Shrikant Kakani- thanks ...if you  dont need to use financing - disreagrd the following tip ..if you will need to use a loan to acquire your 1st investment property - I would recommend getting the formal loan pre approval step completed ..this is free  and it will help answer many questions you have  and  help get you organized and  prepared .